Introducing the Investometer
I’ve accelerated my buying of late, particularly in our Self Managed Super Fund (SMSF) account. As I mentioned the other day the fund was cashed up and with new funds regularly added it makes sense to be buying more now.
I could start using margin in the months ahead, but most of the margin will be held in reserve for the next bull market to begin.
I liked MACQUARIE GROUP LIMITED (MQG) half yearly results. The presentation is worthwhile.The strong often prosper at these times and with the loss of some high profile competition, MQG are selling themselves as a strong survivor. I’ve bought the story, 3:1 upside potential over 3-5years with enticing dividend. $1.45 interim (80% franked).
Yes things could get worse, but MQG appear strong enough to survive. I bought a starting position today. The interim dividend alone is worth $1.59 after tax, a return of 7% just on the half yearly dividend. A lot of pessimistic news is baked into the current price.
I should add both accounts hold Telstra and other defensive shares which I consider liquid, low risk sources of cash. I have sold 10% of my Telstra and will continue to swap into better investments over time. I’ll try to post the new Investometer every month or quarter. Maybe by next month I’ll haved added the Fusion Portfolio.
Related posts:
Good article on MQG A creeping worm is digesting Macquarie’s assets
MQG for bought after the earnings, so for some balance I’ve opted for Suntech before earnings. The common thread is the low value of each.
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